About Digital MRO
Digital MRO is used in the aviation industry which stands for maintenance repair and overall operations for industry growth and productivity, with the growing digitalization the MRO services are also digitalized offering effective and efficient service in aerospace companies. It is using technology like predictive technology, artificial intelligence, robotics, big data analytics, etc. for maintenance and repair activities. It is widely used by OEMs, airlines, MRO service providers, and other industry associations for technological advancements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Digital MRO market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Digital MRO Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), IFS (Sweden), SAP SE (Germany), Lufthansa Technik AG (Germany), SITA (Switzerland), Rusada (Switzerland), Capgemini SE (France), General Electric Company (United States), The Boeing Company (United States), L&T Technology Services (India), Ramco Systems Limited (India) and Honeywell International Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Traxxall Technologies (Canada), General Electric Company (United States), Swiss Aviationsoftware Ltd. (Switzerland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Digital MRO market by Type (Predictive Maintenance, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin and Others) and Region.
On the basis of geography, the market of Digital MRO has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. System will boost the Digital MRO market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Airlines will boost the Digital MRO market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging IoT, Artificial Intelligence and 3D Printing in the Digital MRO
Market Growth Drivers:
Demand for Automation and Digitalisation in the Maintenance, Repair, and Overhaul Operation and Increasing Requirement of Maintenance and Repair Activities in Aviation Industry
Challenges:
New Entrants in the Digital MRO Market Leading to Stiff Competition
Restraints:
Technological Problems Related to Connectivity Associated with Digital MRO
Opportunities:
Surging Technological Advancement in the Digital MRO in the Aviation Industry
Market Leaders and their expansionary development strategies
In March 2023, AAR CORP., a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has acquired Trax USA Corp., a leading independent provider of aircraft MRO and fleet management software.
In June 2023, MRO Corp., a clinical data exchange company, launched a new technology solution at HFMA Annual Conference 2023 held at the Gaylord Opryland in Nashville, Tennessee. Payer Exchange supports both providers and payers as they navigate the rising volumes of medical records and clinical data needed to meet risk adjustment and other mandatory reviews and reporting.
Key Target Audience
Digital MRO Developers, Digital MRO Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.